Post by Logan on Apr 10, 2016 2:35:50 GMT -6
Northrop Grumman, one of Anne Arundel County's largest employers, could get up to $37.5 million in financial incentives over the next five years if legislation now before the General Assembly is successful.
Gov. Larry Hogan has also included in his fiscal 2017 budget a $20 million conditional loan for the aerospace and defense technology contractor, which is based in Falls Church, Virginia, but has a divisional headquarters in Linthicum, near BWI Thurgood Marshall Airport.
His administration is backing the $37.5 million in tax credits as a "thank-you" to the corporation for maintaining a presence in Maryland, even though Northrop Grumman officials say they have no intention of leaving the state.
The legislation passed the state Senate last week, but faces a tougher time getting a vote on the floor of the House of Delegates.
Read more: www.capitalgazette.com/news/business/ph-ac-cn-northrop-grumman-0410-20160410-story.html#nt=oft12aH-1gp2
Gov. Larry Hogan has also included in his fiscal 2017 budget a $20 million conditional loan for the aerospace and defense technology contractor, which is based in Falls Church, Virginia, but has a divisional headquarters in Linthicum, near BWI Thurgood Marshall Airport.
His administration is backing the $37.5 million in tax credits as a "thank-you" to the corporation for maintaining a presence in Maryland, even though Northrop Grumman officials say they have no intention of leaving the state.
The legislation passed the state Senate last week, but faces a tougher time getting a vote on the floor of the House of Delegates.
Read more: www.capitalgazette.com/news/business/ph-ac-cn-northrop-grumman-0410-20160410-story.html#nt=oft12aH-1gp2